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Jordan signs $2B oil shale investment agreement with Saudi company

Green Car Congress

The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

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Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

Green Car Congress

Minister of Energy and Mineral Resources Mohammad Hamed briefed the cabinet on the project to produce electricity through direct burning of oil shale. The ministers were updated on the progress of work while the Mining and Energy Regulatory Commission gave the go-ahead for signing the deal with the Estonian firm and start the $2.4-billion

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